---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-007957"
form_type: "8-K"
ticker: "MBIN"
cik: "0001629019"
company_name: "Merchants Bancorp"
filed_at: "2023-01-30T23:59:59+00:00"
generated_at: "2026-06-20T06:37:52.676893+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Merchants Bancorp Q4 net income $57.2M (+4% YoY); FY22 EPS $4.47 (-6% YoY)

## Summary
- Full-year 2022 net income $219.7M (-3% vs 2021); diluted EPS $4.47 (-6% vs 2021).
- Total assets $12.6B (+12% YoY); loans net $7.4B (+29% YoY).
- Q4 2022 net interest margin 3.13% vs 2.70% Q4 2021; efficiency ratio 31.3% vs 33.3%.
- Tangible book value per share $21.88 (+22% YoY).
- Completed $284M multi-family loan securitization via Freddie Mac Q-Series on Nov 3, 2022.

## SEC filing metadata
- accession: 0001104659-23-007957
- form_type: 8-K
- ticker: MBIN
- cik: 0001629019
- company_name: Merchants Bancorp
- filed_at: 2023-01-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1629019/000110465923007957/0001104659-23-007957-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1629019/000110465923007957/tm234858d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-007957
- JSON: https://secwatch.observer/filing/0001104659-23-007957.json
- Plain text: https://secwatch.observer/filing/0001104659-23-007957.txt

## Key facts
- Earnings Releases
  Merchants Bancorp reported full year 2022 results: net income $219.7 million, EPS $4.47.
  - Period: full year 2022
  - Net income: $219.7 million
  - EPS: $4.47
  - Result: reported results
  source text: Full year 2022 net income of $219.7 million decreased 3% compared to 2021 · Full year 2022 diluted earnings per common share of $4.47 decreased 6% compared to 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1629019/000110465923007957/0001104659-23-007957-index.htm
- Earnings Releases
  Merchants Bancorp reported fourth quarter 2022 results: net income $57.2 million, EPS $1.12.
  - Period: fourth quarter 2022
  - Net income: $57.2 million
  - EPS: $1.12
  - Result: reported results
  source text: today reported fourth quarter 2022 net income of $57.2 million, or diluted earnings per common share of $1.12
  evidence_url: https://www.sec.gov/Archives/edgar/data/1629019/000110465923007957/0001104659-23-007957-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.